Bond.tech offers embedded credit solutions that enable businesses to quickly launch various card programs, including debit and credit cards. Their platform simplifies the process of issuing physical and virtual cards, verifying customer identities, and ensuring compliance with regulations. Unlike competitors, Bond provides a customizable Banking-as-a-Service (BaaS) model that allows clients to tailor financial products to their needs while benefiting from fast support and decision-making. The company's goal is to streamline financial product management and help businesses innovate in the financial sector.

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Bond

Bond, Schoeneck & King announced that Kimberly Wolf Price has been named the firm's chief strategy and diversity officer.

Company news: Kimberly Wolf Price promoted by Bond, Schoeneck & King

Financial guidance platform NerdWallet has launched its first credit card. The new NerdUp is a secured credit card that is designed to help consumers build and improve their credit responsibly, NerdWallet said in a Thursday (Oct. 26) press release emailed to PYMNTS. “NerdWallet identified a major gap in the market that needed to be addressed — too many Americans are denied access to build and improve their credit, often because of current secured card terms, such as annual fees, high minimum deposits and hard credit checks,” the company said in the release

Nerdwallet Launches Secured Credit Card And Credit-Building Features

Pocketbook has selected Grasshopper to provide its small- to medium-sized business (SMB) customers with white-labeled, FDIC-insured commercial checking accounts.The rollout of the products offered by this new partnership was also facilitated by Treasury Prime , the companies said in a Tuesday (March 5) press release .“Pocketbook exists to serve as a trusted partner for small business owners,” Bryan Crumpler , co-founder and CEO of Pocketbook, said in the release. “We are dedicated to developing the right tools to free up valuable time for hard-working entrepreneurs so they can grow their businesses and leave the rest to us.”The company’s white-label embedded financial solution provides payments, banking and business tools to SMBs, according to the release.To give its customers secure access to commercial checking accounts, Pocketbook partnered with Grasshopper, a digital bank built for the business and innovation economy, the release said.The two companies also partnered with Treasury Prime, provider of an embedded banking software platform, per the release. Treasury Prime and Grasshopper will work together to manage the operations and money movement via an application programming interface (API) integration with Pocketbook.Together, the companies went from project kickoff to live onboarding in less than 65 days, the release said.“This partnership extends each company’s commitment to providing clients with leading digital products to better support their banking capabilities, including the fundamental aspects of business payments,” the press release said. “Grasshopper and Treasury Prime identified Pocketbook as a valuable partner in ensuring small businesses can operate their business under a unified platform across initiating payments, sending invoices, accepting payments and more.”In an earlier collaboration, Pocketbook said in March 2023 that it partnered with Bond to help SMBs deploy digital wallets .In that case, by adding Bond’s embedded finance platform to Pocketbook’s own solution, Pocketbook enabled its customers to accept payments directly from their own branded digital wallet.Meanwhile, Grasshopper said in July that it teamed up with Cable to equip its clients and banking-as-a-service (BaaS) platform with automation and technology for financial crime assurance, testing and oversight.In that collaboration, Grasshopper began leveraging Cable’s automated assurance and testing capabilities

Pocketbook And Grasshopper Partner On Commercial Checking Accounts

Financial services company College Ave has launched a secured credit card for college students.The new Ambition Mastercard is designed to help students 18 years and older build and establish a positive credit history, College Ave said in a Tuesday (Jan. 30) press release emailed to PYMNTS.The card joins the other products and services offered by College Ave, which has partnered with FIS-owned embedded finance platform Bond to develop financial solutions for college students and their families.“Our goal with the Ambition card is to give students a smart and safe tool so they can put their best financial foot forward,” Joe DePaulo, co-founder and CEO of College Ave, said in the release.The Ambition card requires no credit check to qualify, according to the release. Students can establish the credit limit by transferring money to the secured credit card from their checking or savings account.The card has no interest charges, no late fees and no fees to apply, the release said. There is no monthly fee for the first six months; after that, the account will be charged $2 each month.The Ambition card also enables students to earn cash back and to build a positive credit history, as on-time payments are reported to the three major credit bureaus, per the release.“When a student heads off to college, they are not just earning a college degree. They’re taking the first steps toward adulthood, including becoming more financially independent,” DePaulo said in the release. “We are excited to launch the Ambition card and give these students a head start in building a positive credit history.”PYMNTS Intelligence has found that young consumers are seeking financial knowledge from diverse sources, including social media, financial education apps/tools, family, friends, and traditional channels like bank branches and financial advisers.This has created an opportunity for companies to help these consumers build credit and teach them lifelong skills, according to “The New Challenges Facing Finance: Algorithms, Finfluencers and the Quest for Reliability,” a PYMNTS Intelligence and NCR VOYIX collaboration.In another recent product introduction in this space, financial wellness platform Credit Sesame said in August that it launched a Mastercard debit card that helps individuals build and enhance their credit scores through their everyday debit purchases.The Sesame Credit Builder is designed to eliminate obstacles for those with limited credit history and equip them with the tools to establish a positive payment history

College Ave Launches Mastercard Secured Credit Card For College Students

Mastercard and credit card-as-a-service company Brim Financial formed a partnership.The tie-up aims to modernize credit card infrastructure in the United States and power innovation in credit card platforms, the companies said in a Wednesday (Dec. 6) press release.It will enable U.S. financial institutions, FinTechs, regional and community banks, and large brands to provide their customers with a more seamless payment experience, according to the release.By using Mastercard’s open banking capabilities, Brim will embed payment solutions across its end-to-end platform, creating secure experiences for customers and partners, the release said.“There is significant momentum happening now in the U.S. market when it comes to innovating credit card infrastructure across consumer, small- and medium-sized business and commercial segments,” Brim Financial founder and CEO Rasha Katabi said in the release. “This partnership with Mastercard will be transformational for companies seeking a sophisticated, modern credit card platform to better serve their customers.”Brim Financial’s modular platform is designed to accelerate deployment and help institutions run and evolve their product platforms according to customer and market needs, according to the press release.With the inclusion of Mastercard’s open banking capabilities, Brim’s suite of embedded payments capabilities will provide turnkey solutions for all types of companies looking to launch and run commercial and consumer credit cards, the release said.“In partnership with Brim, we’re able to help our customers and partners remain competitive, with innovative payment solutions that create seamless, secure experiences,” Hunter Woolley, executive vice president of North America business development at Mastercard, said in the release.In another development in the space, Extend said Tuesday (Dec. 5) that it unveiled an integration with Concur Invoice that provides customers with a virtual-card-as-a-service solution.The partnership allows seamless vendor payment management within the Concur Invoice platform, with BMO being the first card issuer to enable virtual cards for vendor payments within the platform.In October, Bond Financial Technologies partnered with i2c to launch credit card-as-a-service solutions.Together, the companies provide solutions that allow businesses to offer consumers a secured credit-building program, create personalized credit products for individuals and small businesses, and provide immediate access to a virtual credit card for those who are approved

Mastercard And Brim Financial Partner On Credit Card Infrastructure

Romilly Greenhill has been appointed as Bond's CEO and will be starting the role next month.

Who's Moving: Children's Trust, Stonewall, Bond and more

British banking giant HSBC and Nova Credit want to let U.K. immigrants improve their credit. The partnership, announced Monday (Sept. 18) in a news release provided to PYMNTS, lets customers who are applying for an HSBC U.K. credit card online employ Credit’s Nova Passport technology to share their credit history from a dozen countries. . The release notes that HSBC is the first bank in Great Britain to offer this service, coming at a time when the U.K.’s immigrant population accounts for 95% of the U.K.’s net population growth, with that figure projected to grow to 100% by 2025

Hsbc And Nova Team To Help Uk Immigrants Boost Their Credit

Financial platform Maza has raised $8 million to help provide immigrants with financial identities.The Los Angeles-based company announced the seed funding in a Wednesday (June 28) press release, saying the financing will bolster its platform, which automates a U.S. tax presence for immigrants.“As descendants of Latin American immigrants, my co-founders and I are building the company our parents needed,” Maza Co-founder and CEO Luciano Arango said in the release. “Individuals who have moved to the U.S. are often at a financial disadvantage. Even those who are highly educated and already have well-paying jobs may become targets of predatory lending and exploitative financial products.”Maza works with the IRS’ Certified Acceptance Program, to get individual taxpayer identification numbers (ITINs) for its members, according to the release. With an ITIN, members can file taxes, build credit, obtain driver’s licenses in many states, and buy homes.In addition, the company works with Visa and Blue Ridge Bank to let users access its banking product without a Social Security number

Maza Raises $8 Million To Give Us Immigrants Financial Foothold

Earlier this year, Bond announced a partnership with College Ave Student Loans.

FIS Acquires Bond in Bid to Boost Embedded Finance Offerings

Over the past few years, Bond has secured a total of $42 million in funding from notable investors such as Coatue Management, Mastercard, Goldman Sachs, Canaan Partners, B Capital Group, and former Morgan Stanley CEO John Mack.

FIS acquires banking-as-a-service startup Bond

Provides embedded credit solutions for businesses

Bond

Provides embedded credit solutions for businesses

Bond

Provides embedded credit solutions for businesses

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